Business, 08.04.2020 01:20 ivethzurita0425

Inventory management is largely self-contained in the sense that very little coordination among the sales, purchasing, and production personnel is required for successful inventory management. True False

Answers: 2

Show answers

Answers

Answer from: ethanyayger

False

Explanation:

Inventory management is one of the most complex processes and it is also one of the processes that benefited the most from ERP software.

Enterprise resource planning (ERP) software integrates all the different units within a company and allows them to share information. It is extremely useful for coordinating sales, production, finance and inventory management.

Imagine the following situation:

You are a salesperson for ABC Corp, and you sell pencils. Now you go to visit Office Depot main headquarters to offer your pencils. The people at Office Depot are delighted by the quality of your pencil and immediately want to order 1 million pencils. But you have a problem, you do not know if you can sell them 1 million pencils. So you have to make your client wait until you go back to the factory and check if you have 1 million pencils in inventory, but you don't. So now you have to go to the production department and ask for 1 million pencils. But they don't have the materials to build 1 million pencils, so you must go to the purchase department and ask them to buy the materials for the 1 million pencils. Since the purchase department doesn't know if they have enough money to buy the materials, you have to go to the finance department. Once in the finance department you are told that you can go on with the sale because the they have the money. Now you must go back over your own steps to the purchase department, the production department, the inventory department and tell everyone that you have the OK for the pencils. Now, you can go back and sell the pencils.

Believe it or not, the process I described was the standard process before SAP (the first ERP software company) started providing SAP software. Now, instead of spending hours or days going form one place to another, you can do it in 5 minutes.

Answer from: Quest

Ithink the most approximate answer would be b.i hope it you!

Answer from: Quest

Your answer would be is four

Another question on Business

Business, 21.06.2019 17:40

Sodas in a can are supposed to contain an average of 12 ounces. this particular brand has a standard deviation of 0.1 ounces, with an average of 12.1 ounces. if the can's contents follow a normal distribution, what is the probability that the mean contents of a six pack are less than 12 ounces?

Answers: 2

Answer

Business, 22.06.2019 04:10

Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?

Answers: 1

Answer

Business, 22.06.2019 10:00

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?

Answers: 2

Answer

Business, 22.06.2019 23:00

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:

Answers: 1

Answer

You know the right answer?

Inventory management is largely self-contained in the sense that very little coordination among the...

Questions